KUALA LUMPUR: The Ministry of Investment, Trade & Industry (Miti) today said US-sanctioned Jatronics Sdn Bhd is not a registered exporter under Strategic Trade Management (STM).
The STM through the Strategic Trade Act 2010 (STA 2010), regulates the exports, transits, transshipments and brokering of strategic items, particularly those that could potentially be used for developing sophisticated military weapons.
STM requires exporting companies and those in the supply chain to undertake all necessary efforts to ascertain key information i.e. the final destination, end-user and the usage of the product.
Based on its records, Miti in a statement said, Jatronics is not a registered company under STA 2010 and has not applied for export permits.
The ministry also confirmed that Jatronics is not a semiconductor manufacturer in Malaysia, but a trading company primarily engaged in trading/wholesale of semiconductor and fabrication service.
Miti clarified that Malaysia adheres to multilateral sanctions and adopted "restricted or prohibited end-user list" under the United Nations Security Council Resolutions (UNSCR).
"Russia has not been listed by UNSCR and therefore is not included under STA 2010," it said.
However, Miti advises companies to be aware of sanction lists imposed by other countries, such as the US.
"Miti also urges exporters to be alert and stay informed of any trade-restrictive measures and unilateral sanctions imposed by major trading partners to ensure they will not be subjected to any sanctions or other non-tariff barriers," it added.
According to the ministry, it has been engaging with the US Embassy on the unilateral sanctions, while continuing to enhance the monitoring of international trade dealings of Malaysian exporters and manufacturers.
"MITI will also continue its regular engagement with its key trading partners to address concerns, clarify Malaysia's neutral stance, and ensure that our economic decisions continue to promote a safe and secure global trading environment," it said.
Jatronics is alleged to have supplied electronic components to Russian firms linked to the military industrial complex and has recently been added to the US unilateral sanction list.
The US Department of the Treasury's action against Jatronics is part of its broader sanctions targeting 300 entities from various countries, including China, Belgium, Türkiye, Slovakia, and the United Arab Emirates, in connection with the Ukraine-Russia conflict.